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  • Do You Always Need An Innovative Idea To Start A Business?

    Kaustubh Katdare

    Kaustubh Katdare

    @thebigk
    Updated: Oct 23, 2024
    Views: 1.0K
    I think that's the question almost every wannabe entrepreneur asks. Do you really need an innovative idea to start your own venture? If yes, does that mean every new entrepreneur is a scientists or an innovator? Share your own thoughts on this topic and let's build a constructive discussion that will help all the budding entrepreneurs on CE. I'm quite sure a lot of you have asked this question; but never found a real answer.

    Looking forward to interesting thoughts and ideas.
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Replies

  • PraveenKumar Purushothaman

    Member • Jan 16, 2012

    Well, you first need an idea and a motivation to start a business. It depends on you to make it innovative and interesting to the people around, and that's why you are starting one. Everywhere there's a competition now-a-days and nothing is new. Even if you find something new, for eg., the Ramesh - Suresh ad of 5 Star, already it has been for years. They say that you will forget yourself when you eat the choc. And that's how to make it innovative. It is upto us to make the new one to be interesting and attract the people, even though it is just another choc!!! 😀
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  • Kaustubh Katdare

    Administrator • Jan 16, 2012

    That's about marketing. Lot of people believe that a business cannot be started unless there's an innovative, ground-braking idea. I wonder where does this thought come from. 99% of the successful businesses are actually based on well established concepts.

    Looking forward to more thoughts from CEans.
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  • Kaustubh Katdare

    Administrator • Jan 17, 2012

    Hmm, looks like we're short of thoughts here. Let me put my own opinion -

    You do *not* need innovative ideas to start a business. All you need is to find out a way to solve the problem in a better way. Now finding that solution may not always require you to be innovative.
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  • Pensu

    Member • Jan 17, 2012

    @bigK: Correct, you dont need to be innovative, you need to be different. If you are doing something that someone has been doing for years, you cant get different results. You need to make it look better, now you say it innovation or creativity, doesnt matter. The whole point is to do things differently.
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  • vinci

    Member • Jan 18, 2012

    just do different biggy and see world of charm is waiting for innovators.👍
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  • Kaustubh Katdare

    Administrator • Jan 18, 2012

    vinci
    just do different biggy and see world of charm is waiting for innovators.👍
    Okay, this is a discussion and I'm not inviting suggestions. By the way innovation isn't necessarily rewarded.
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  • Dancer_Engineer

    Member • Jan 18, 2012

    I would say No.
    No, you don't need an innovative idea to start a business.

    You rather need a creative mind to add spark to your idea / venture, which would give it an added advantage.
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  • PraveenKumar Purushothaman

    Member • Jan 18, 2012

    One thing: Attract the people and make it worth... 😀
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  • Ambarish Ganesh

    Member • Jan 18, 2012

    It's always great to be the first in the race! but not necessarily the person who leads the race in the first lap wins the race! There'a a lot of things in-between, and if you could make up there, well, you too have a good chance at succeeding! *Quality* of race does matter!😀
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